$BNB

Binance Coin ($BNB) is the native cryptocurrency of the Binance ecosystem, one of the largest cryptocurrency exchanges in the world. Initially launched in 2017 as an ERC-20 token on the Ethereum blockchain, $BNB later migrated to Binance’s own blockchain, Binance Chain, and Binance Smart Chain (BSC). It is primarily used for transaction fees on Binance, offering discounts to users who pay with it.

Beyond trading, $BNB serves various purposes, including staking, participating in token sales on Binance Launchpad, and powering decentralized applications (dApps) on the Binance Smart Chain. The token has a deflationary mechanism through quarterly burns, reducing its supply over time. Due to Binance’s growth and increasing use cases, BNB remains one of the most valuable cryptocurrencies in the market.